Shanghai Disney Resort
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Native name
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simplified Chinese: 上海迪士尼度假区; traditional Chinese: 上海迪士尼度假區 |
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Romanized name
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pinyin: Shànghǎi Díshìní Dùjiàqū |
| Industry | Theme parks and resorts |
| Founded | June 16, 2016 |
| Headquarters | Pudong, Shanghai, China |
| Owner |
The Walt Disney Company (43%) Shanghai Shendi Group (57%) |
| Website | Official website |
Shanghai Disney Resort is a themed resort in Pudong, Shanghai, China. It is the first Disney park resort in mainland China and the second in China, after the Hong Kong Disneyland Resort. The resort opened on June 16, 2016.
The resort features Shanghai Disneyland Park, an entertainment district, two themed hotels, recreational facilities, a lake and associated parking and transportation hubs. Additional phases will see the development of two additional theme parks at the resort. The site will cover 390 hectares (963 acres) in Pudong, or approximately three times the size of Hong Kong Disneyland, at a cost of CN¥ 24,500,000,000 (US$3,700,000,000) for the new theme park and an additional CN¥ 4,500,000,000 (US$700,000,000) to build other aspects of the resort, totaling CN¥ 34,000,000,000 (US$5,500,000,000). Forty-three percent of the resort is owned by The Walt Disney Company and the remaining 57 percent by Shanghai Shendi Group, a joint venture of three companies owned by the Shanghai government. The resort was approved by the Chinese government on November 4, 2009.
Negotiation for Shanghai Disney Resort began around 2001, and the park was first envisaged in the early 2000s. Location scouting in Pudong began in 1999 with Bob Iger. However, in order to help Hong Kong Disneyland grow, the Chinese national government deliberately slowed down the development of Shanghai Disney. The Hong Kong resort opened in 2005, two years after the SARS epidemic devastated Hong Kong's economy, and it was hoped that Hong Kong Disneyland would help the city's tourism industry recover.
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